Skip to main content
Enter search terms below…

Member News

First New York to Treat School Banker Just Like a Millionaire on December 5th



December 4, 2017 (Albany, NY) – On Tuesday, December 5, 2017, Olive Stimac, a fourth grade student at Montessori Magnet Elementary School in the Albany City School District, will be treated just like a Millionaire for a Day by First New York Federal Credit Union.

First New York Federal Credit Union has been teaching thousands of area students for years to save their money through its KID$ (Keep Investing Dollars Savings) Program. To celebrate the students’ success, the credit union randomly selected a school banker to be treated like a millionaire. As the Millionaire for a Day, Olive Stimac and her classmates will be treated to a pizza party. In addition, Olive and five of her friends will be picked up from Montessori Magnet Elementary School by limousine, courtesy of Advantage Transit Group, and driven to First New York Federal Credit Union’s Albany branch at 818 Central Ave, Albany, NY. There they will meet credit union President/CEO, Lucy Halstead and Michelle Maneri from our Albany branch, receive a personal tour of the credit union, be treated to ice cream, then be driven home by limousine at the end of the day.

Olive, like many other students at Montessori Magnet Elementary School, makes deposits each week from money she has earned by doing chores, receiving allowance and birthday money.

“It is important that young children learn that making deposits every week and saving their money will enable them to purchase what they need, and later what they want,” commented Carol Valenza, V.P. of Marketing for First New York Federal Credit Union. “This is one of life’s most important skills to understand and have, and when young children are actively involved in saving money they will grow to become better money managers as adults,” stated Valenza.

First New York Federal Credit Union was founded in 1937 as Schenectady Teachers Federal Credit Union and operates six full-service branches throughout the greater Capital Region. The credit union offers traditional financial products found at many financial institutions including checking and savings accounts, credit and debit cards, share certificates and money market accounts, auto and personal loans, mortgages and home equity loans and commercial deposit and loan accounts. First New York Federal Credit Union also operates three in-school branches run by trained student tellers at Mohonasen, Schenectady, and Scotia-Glenville High Schools.

The College of Saint Rose is proud to announce that President Carolyn J. Stefanco has been named chair of the American University in Bulgaria (AUBG) Board of Trustees. President Stefanco has served as a member of the AUBG Board since 2016.  “It is a great honor to be elected chair of the AUBG Board, and to play a leadership role for this fine…
As part of the 50th anniversary programming and celebration, MACSC is hosting an Economic Impact Luncheon on Thursday June 13th at Park Tavern to showcase real time impact MACSC has on the community. C.J. DeCrescente will address the importance of fostering partnerships between non-profits and the business community as a call to action for…
Poughkeepsie, N.Y. (June 12, 2019) – The Chazen Companies is pleased to welcome the addition of two new employees to its expanding Construction Services team in Troy and Glens Falls. Jeffrey Mancini joined Chazen as a Senior Construction Inspector. Mancini has over 32 years of experience in the civil engineering industry, including project…
Jun
20
A representative from the Small Business Development Center (SBDC) will be available at the Chamber office.  This service is available to all businesses…
8:30 a.m. - 5 p.m.
Jun
20
Designed for Chamber members looking to maximize their investment by getting engaged and connected with the business community. Whether you’re a new or…
7:30 a.m. Check-in; 8-9 a.m. Benefits Overview & Networking
Jun
27
Spectacular views on a summer evening combine with purposeful networking for a special after hours event at the award-winning Country Club of Troy. This…
5:30-8:30 p.m. Networking; 5:30-7 p.m. Learn To Golf Breakouts